Why Microsoft to buy back up to $60 billion in shares?

Microsoft to buy back up to $60 billion in shares; names Brad Smith vice chair

FILE PHOTO: A Microsoft logo is seen in Los Angeles

  • MSFT +0.94%



(Reuters) -Microsoft Corp on Tuesday said it will conduct an up to $60 billion share buyback program, raise its quarterly dividend by 11%, and appoint company President Brad Smith as vice chair.

Microsoft said the buyback program has no expiration date and may be terminated at any time, and that it would pay a dividend of $0.62 per share - 6 cents over the previous quarter.

The U.S. technology giant also called the vice chair position an updated executive role for Smith, who currently leads a team of over 1,500 staff in 54 countries, according to his biography on Microsoft's website.


Smith joined Microsoft in 1993 from law firm Covington & Burling to run corporate and legal affairs operations in Europe. He became general counsel in 2002 and, over the next decade, handled the resolution of antitrust cases, the biography showed.

Smith will continue to report to Chief Executive Officer Satya Nadella, Microsoft said.

(Reporting by Shubham Kalia and Kanishka Singh in Bengaluru; Editing by Anil D'Silva and Christopher Cushing)

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  • Wgey
    ·2021-09-18
    it shows that the company reaching lower growth part of cycle.
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  • KYHBKO
    ·2021-09-15
    buying is good for the company, increasing the EPS by reducing the shares available in the market. no bigger statement than investing into your own company.
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    • XiaoZ
      [开心]
      2021-09-17
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    • BlackkReplying toDeonc
      Ok
      2021-09-16
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    • gstrader
      nice
      2021-09-16
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    View more 1 comments
  • Billie Lo
    ·2021-09-15
    They are a very disruptive company with a good future ahead in an ever growing industry. Dont panic sell and be patient.
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    • NP_YT
      agree
      2021-09-16
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    • NatYongReplying toDeonc
      Agreed. Strong cash flow company
      2021-09-15
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    • DeoncReplying toBillie Lo
      [Strong][Strong][Strong]WOnderful
      2021-09-15
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    View more 5 comments
  • Ag1718
    ·2021-09-20
    ☀️ Positive thinking is more than just a tagline. It changes the way we behave. And I firmly believe that when I am positive. It not only makes me better but it also make those around me better.?
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    • Deonc
      Well said
      2021-09-28
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    • Ag1718Replying toDeonc
      Haha. Well said ??
      2021-09-28
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    • Ag1718Replying toDeonc
      ??????
      2021-09-20
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  • Colin08
    ·2021-09-16
    They are flush with cash and dont know how to use it. Good to reward their share holders
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    • Deonc
      ?
      2021-09-16
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  • AcidIce
    ·2021-09-20
    Buying back their own shares always sound & looks good, but isn't that cheating? not unless it dropped 50% in value in a short few months. but nothing of such happened in Microsoft only Alibaba....
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    • Deonc

      [强] [强] [强]

      2021-09-21
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  • MicandPotter
    ·2021-09-28
    good [安慰] [安慰] [安慰] [安慰] [安慰] [安慰] [安慰] [胜利] [胜利] [胜利] [胜利] [胜利]
    Reply
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    • Deonc
      [强] [强]
      2021-09-28
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  • chickenlover
    ·2021-09-18
    woooooooow
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    • Deonc
      [强]
      2021-09-18
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  • Jasonc13
    ·2021-09-15
    continue growth [看涨]
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    • Deonc
      ??
      2021-09-15
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  • Supersonia
    ·2021-09-17
    inspires confidence
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    • Deonc
      ??
      2021-09-18
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  • SieCW
    ·2021-09-16
    Buy if the price is right. emotional buy will kill profit
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    • Deonc
      [Strong][Strong]
      2021-09-17
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  • yinghao94
    ·2021-09-16
    indeed competent management team
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    • Deonc
      ??
      2021-09-16
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  • LEESIMON
    ·2021-09-15
    ❤Microsoft is still the future
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    • Deonc
      Agreed [Strong][Strong][Strong]
      2021-09-28
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  • Jasonc13
    ·2021-09-15
    [看涨] [看涨]
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    • Deonc

      thanks


      2021-09-15
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  • Jasonc13
    ·2021-09-15
    [强] [强] [强]
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    • Deonc

      ok


      2021-09-15
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  • Jasonc13
    ·2021-09-15
    forecast the future growth rate..
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    • Deonc
      look forward
      2021-09-15
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  • Jasonc13
    ·2021-09-15
    [财迷]up up
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    • Deonc

      ok, thanks


      2021-09-15
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  • Jasonc13
    ·2021-09-15
    [得意] [得意]
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    • Deonc
      ok
      2021-09-15
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  • Jasonc13
    ·2021-09-15
    good sharing [龇牙]
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    • Deonc
      ??
      2021-09-15
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  • Jasonc13
    ·2021-09-15
    good expectation
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    • Deonc
      ?
      2021-09-15
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